Corning to invest Rs 1,000 cr in Tamil Nadu to manufacture mobile phone cover glass
Chennai: The Tamil Nadu government on Tuesday announced that the American manufacturer of Gorilla Glass, Corning, has committed to investing Rs 1,000 crore to produce front cover glass for mobile phones, catering to phone parts manufacturers in India.
The investment will be made in a joint venture, named Bharat Innovative Glass Technologies, a partnership between Corning and a major Apple parts supplier, and Optiemus Infracom, an Indian telecommunications company, Reuters reported, citing a Tamil Nadu government announcement.
However, specific details about the brands receiving the glass were not revealed.
The facility in Tamil Nadu is the first manufacturing plant for the company since the joint venture was established in September.
The $155 billion Indian electronics market is getting advantages from a global repositioning of supply chains, diverting away from China.
This shift is further supported by production-linked incentives initiated by the Indian government, targeting the promotion of local manufacturing.
Several contract manufacturers, including the world's largest, Taiwan's Foxconn, along with other Apple suppliers like Pegatron and Finland's Salcomp, have inked agreements valued at several million dollars to amplify their operations in India.
Earlier this month, Tamil Nadu announced that it had secured deals totalling Rs 6.64 trillion in investments.
These agreements were made with a range of investors, from technology giants like Microsoft to local conglomerates such as the Adani Group.
Several other Indian states, including Telangana, Gujarat, and Maharashtra, have signed investment agreements with companies such as Maruti Suzuki, the Tata Group, and the Adani Group.
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